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. we're saying the same thing dan just said. feels like a classic negotiation. president obama came in negotiating hard from the start. here is what i want in tax increases. by the way i will increase in spending on infrastructure just to show starting from a point where he believes he has real strength and will stick it to the other side. what do you think of the counter proposal from republicans. is it strong or looking weaker? >> with any negotiation with the president's side of it especially a few weeks ago, maybe you come out and shoot for the top, knowing you may not meet in the middle. i don't know if they will meet and split the baby. melissa: right. >> do i think you always know that eventually you will have to rear back a little bit towards the middle. melissa: yeah. >> as far as the republicans counter, i think they're trying to at least in certain, especially with government. there is always posturing, right? melissa: right. >> partly it is posturing hey, we're willing to talk. here's what we're thinking to at least try to jump-start this as the clock continues to kick.
on the fiscal cliff. geithner is president obama's lead negotiator in the budget talks. he'll first meet with harry reid at 10:00 followed by john boehner, eric cantor and paul ryan. geithner will lunch with mitch mcconnell and then he'll meet with house minority leader nancy pelosi. president obama is signaling he's flexible on where tax rate shoes go if the wealthiest americans. return to clinton era tax rates would have house holds playing between 36% to nearly 40%. the president met with a group of ceos wednesday. they offered support for resolving the fiscal cliff crisis with a proposal that includes higher taxes for those who make more than a quarter million dollars a year. >> at this point both sides have acknowledged that there is going to be revenue concessions and there will be entitlement concessions. in fact if you listen to it, again, i'm not a master of the political art here, but i would say if you have these point of views in the business context as close as they are, i would say a deal would be in reach. >> interesting. bill ford jr. agrees with blankfein saying he's con
the president's new negotiate i want aing style. it said mr. obama scattered by failed negotiations in his first term and emboldened by his re-election has shown to be a dlimp different negotiate or. the white house reminded people what the president basically campaigned on saying that everybody knew going in what they were getting re-lecting th this stifle president. does he walk with confidence of re-election under his belt and is this the way it's going to go, nor mr. nice guy approach? >> i think the president believes very strongly that we can't repeat the mistakes of the past. that going back to tax cuts for the wealthiest americans, hoping that trickles down the rest of us have failed us for well over a decade. what we need to do instead is be serious about protecting the middle class and the republicans agree with that. don't hold those tax breaks for millionaires hostage. let's reduce taxes for the middle class. that's something that we all agree on fine let's get it done. if we believe we need to make certain investments which we do to grow the economy, in infrastructure and innovation
in washuar for thursday. two of president obama's top fiscal negotiators are scheduled to meet with lawmakers on capitol hill. an increasing number of republicans say they are willing to give ground on higher tax revenue, but spending cuts are still a sticking point. if the two parties can't agree, tax rates will go up for all americans on january 1. and the owners of two winning powerball tickets get the pleasure of sharing the second larnest jackpot in u.s. history. the ticket to the whopping $588 million prize, sold in arizona and missouri. if you haven't had a chance to check your tickets, the wing numbers are: 5, 16, 22, 23 and 29. and the power ball number is 6. i'm ainsley earhardt. thanks for watching fox. on the " >> greta: alarms are going off among some conservatives in president obama's second term, his liberal supporters are calling for income redistribution. who's doing that and how do they hope to make that happen and can they? byron york just wrote about that, along with the rest of our political panel. byron, you wrote the article. >> there's been a lot of talk during the ca
to be achieved. president obama has outlined a realistic basis for negotiations to continue. we will based our efforts on that approach. the recent conflict in gaza is the latest reminder that the absence of peace risks the presence of war. we urged those who share our hopes for peace between a sovereign palestine into a secure israel to join us in supporting negotiations, not as encouraging further distractions. there are no shortcuts. long after the votes have been cast, long after the speeches have been forgotten, it is the palestinians and the israelis who must still talk to each other and listen to each other. , and find a way to live side by side in the land they share. thank you, mr. president. [applause] >> president obama travels to pennsylvania friday to talk about his plan to avoid the fiscal cliff. the event is part of the white house's effort to cut public support to end the bush era tax cuts for incomes on $250,000 and above. it will be shown at noon eastern on c-span 3. >> washington worked his way up and went to harvard law school. he emigrated out west to the lead minee indust
.o.p. lawmakers to accepting the tax hikes now. >> i miss visiting towns like this. >> president obama got his wish, rather than negotiating with republicans he was hamering them. back on the campaign trail in a factory that makes angry bird toys. >> it's not accept to believe me and i don't think it's acceptable for you for republicans in congress to hold middle class tax cuts hostage because they don't want the tax rates on the upper income folks to go up. >> within minutes, john boehner fired back the talks are on life support. >> let's not kid ourselves. >> boehner ripped the president for sending treasury secretary ti tim geithner to capitol hill with a proposal that led mitch mcconnell literally burst out laughing. >> the white house took three weeks to respond with any kind of proposal. and much to my disappointment, it wasn't a serious one. >> their beef is the president campaigned on $800 billion in tax increases by ending the bush tax cuts for the wealthy. but is now proposing double that. $1.6 trillion. by adding tax hikes on dividends and capital gains. plus, the white house wants
to be the shepherd of peace talks, the palestinians defied president obama's express wishes not to do this. the u.s. calls for direct negotiations. we have seen this in the wake of the reaction. prime minister netanyahu said this is not a vote for peace. the challenge is getting the two sides back to the table in to direct negotiations. that has been rendered more difficult in the short term. >> and what of the struggle against hamas? >> in the short term, it is an effort to show that his diplomatic efforts do produce something. but the question is, how long will be announced last? i suspect it will not last long. >> outrageous and wreaking havoc, those are some of the descriptions of britain's newspapers. it was triggered by the phone hacking scandal. lord justice levenson has called for a new regulatory body to police the press. the bbc reports. >> it is the most comprehensive study of the british press ever cared goucher based on mesut -- the testimony of hundreds of witnesses, many of whom -- of the british press ever. based on the testimony of hundreds of witnesses. with its power and influe
that it is for different reasons. they say the only way to a palestinian state it is through direct negotiations. we all know that has not worked in the past years, especially the obama administration. the administration has failed, actually, to do anything for the peace process, and some are hoping it might change with the new administration. secretary clinton is leaving, and there are hopes that may be things will pick up again with her successor. >> thanks for the update. >> now for the view from jerusalem, let's cross over to our correspondent who is standing by for us there. the israeli prime minister has condemned the palestinian move. can you tell us more about how israel views this? >> i think israel is concerned that through this upgrade, palestinians could challenge israel legally and diplomatically now. in past weeks, we have heard the israeli government saying that this is a unilateral move that violates the oslo court, that the house indians are aiming to join the international criminal court, and it preempts the united nations. i think for israel right now, the concern is on the diplomatic
and real irony is going to be the ultimate deal's going to look like the obama boehner grand bargain that was negotiated and almost done in the summer of 2011. the fact that we couldn't make that deal then i think's a tragedy for the country. one of the thing's it did was lead to that aaa downgrading. that was unnecessary. >> let me just follow up on this point of what republicans should accept. you said you'd go back to the clinton era tax rates if you could get the spending that went with it. there are some in the republican party like congressman tom cole congress them saying let's just do that. let the rates go up for those at the top, then wait and negotiate. is there anything about that that you think could make sense? >> that's not a negotiation. the president's not going to then lower those rates. >> that might be a capitulation. >> yeah, it is a capitulation. the president thinks he's got all the cards. the republicans position improves at the beginning of the year and frankly, there are a number of people coming back, people who contributed to this mess and i'm not sure as
made a real legacy that said i accept the debt deal that obama and i are negotiating which is essentially his opening offer now? wouldn't that have been the legacy that he could have rested his hat on? >> it would have been interesting. he essentially attempted to be a representative of his caucus rather than a leader of his caucus. >> exactly. >> it would have been interesting. i think he could have either been a great leader or burned and gone -- been taken down. it was a 50/50 proposition. >> all right. matt lewis, thank you so much. >> thank you, matt. >> fascinating. incredible read, "herding cats." >>> still ahead -- it's just cruel. i felt bat readid reading it. you know where i stand. >> cures cancer. >> let's see. >> okay. >>> coming up, we're going to bring in republican congressman tom cole who broke ranks with his party over the tax debate last week. can't wait to talk to him and get his insights. also, we'll be talking foreign policy with national security adviser dr. brzezinski. keep it right here on "morning joe." music is a universal language. but when i was
evening, everyone. i'm larry kudlow. this is "the kudlow report." the talks are back on. team obama and team boehner are back at the negotiating table. but there is still substantial disagreement on tax rates, tax revenues, domestic spending and entitlement reform and the clock is ticking. speaking of tax hikes, europe's grand experiment with taxing the rich more is falling apart, especially in france and britain. and here at home, california and new york are passing through the 50% tax rate barrier. is anybody looking at how tax hikes fail the test of economic growth? >>> back here in the u.s., could it be michigan which used to call itself the worker's paradise union state is now moving towards new anti-union right-to-work legislation and it looks like it's going to pass? but first up, budget talks resume between speaker john boehner and president obama today. with just 25 days to go, let's keep tabs on where we stand. reports of a conservative backlash against speaker boehner simply not true. he has the solid support of his leadership and the rank and file. but there is concern a
the way obama started here at all. i mean, there were two ways to start the negotiations. one was did you ever see into guys like haggle over something and one guy says a dollar and the other guy says 1,000. and that's where they seem to have started. he could have started at 500 and then the republicans could have said maybe 100. but he started this thing, he put his foot forward like you know what, i'm willing to play this to the bitter end. this wasn't a thing that said let's get it done quickly. he sent geithner over. he used geithner's political capital which i think was a mistake for geithner. >> he's leaving. >> but it's like using -- >> going back to goldman. >> where he started. >> where he cut his teeth. >> like using a pitcher because you don't care about his arm at the end of the season. so you threw him out there and you send him over with -- and you also let the republicans characterize the plan. which from a pr standpoint i don't think was that smart. so i think they blew that one. but ultimately it strikes knee obama did not suggest, you know whark what, i want to get it d
revenue, but here's the key. no rate increases in the top 2% of taxpayers. that's non-negotiable for president obama. >> we're not going to be able to got a deal without it. >> reporter: the white house says the republicans' math just doesn't add up. >> it's magic beans and fairy dust. >> reporter: negotiations have reached a stalemate. >> there's nothing going on privately that is not going on publicly. >> reporter: there is no plan at this time for congressional leaders to meet with the president at the white house, and it doesn't sound like he's sending out invitations any time soon. >> i don't think that the issue right now has to do with sitting in a room. >> reporter: earlier, the president met with the bipartisan group of governors. >> we understand this will be a shared sacrifice, you have to look at spending cuts. states are willing to do more with less. >> the governors didn't endorse a specific proposal, not the white house version or the house republican version, but they did say that something must be done to avoid those massive mandatory spending cuts that will go i
. but at some point, president obama will have to come into the negotiations and get involved himself. >> that meeting is not set yet. jake tapper, thanks very much. >>> george, now, to the potentially lethal carbon monoxide leak at an atlanta elementary school. >> hubie: 50 teachers and students were sent to the hospital monday. firefighters discovered the unsafe conditions. and now, parents are asking, why the school reportedly had no carbon monoxide detectors located inside. steve osunsami has the story. >> reporter: it was a shocking scene, played out on live television. >> i saw kids passing out. i saw them shivering. i saw some kids just moving around like they were dizzy. >> reporter: dozens of children at this atlanta grade school monday, falling out from high levels of carbon monoxide poisoning. needs gas masks to breathe. being wheeled out on stretchers. >> fainting, dizziness, headache and nausea were the four symptoms. >> reporter: firefighters were carrying sick children. >> there's kids laying on the floor. at least three. and the teacher are saying, this town needs help
. >> the answer's no. the thing obama couldn't get last time and can get this time is more revenue even if congress refuses to ask. we go over the fiscal cliff rates reset under bill clinton and you're negotiating a tax cut not a tax increase. other thing the way weight of public opinion since that level has moved strongly against republicans. look who the public says they're going to blame if we go over the cliff, it's republicans because they see them as having forced the issue last time around, been willing to do this this time around. one reason boehner is grumbly and nervous because he doesn't have any leverage. >> i want to point this out. this is interesting in terms of the smoke and mirrors how this will play out for the republicans. in the "wall street journal" they write obama's flexible on highest tax rates. white house's flexibility, described by bowls, confirmed by the administration officials, could envision tax rates -- tax rate increase from the current level but was less than clinton era levels. if the republicans can say, we cut taxes from where they were under clinton
negotiations appear to be going nowhere. today president obama will meet with members of the business round table. plus, on the economic calendar, the november adp report on employment is due at 8:15 eastern. u.s. equity futures at this hour are indicated higher. not much happened yesterday. it's wednesday, december 5th, 2012, and "squawk box" begins right now.
ahead, of course, live coverage of president obama's remarks on the fiscal cliff and the negotiations before the business roundtable. we'll bring that to you live in just a few minutes. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ >>> with the internet streaming space, hey, there melissa, we're looking at netflix bouncing around based on comments from the chief content cipher but the stock took a bit of a hit when he said that netflix has to plans to cover the costs of the disney deal. nevertheless causing the stock to come off the best levels of the day. back to you, carl. >>> the president is about to speak in front of the business roundtable. good morning, john. >> good morning, carl. he's talking to the business roundtable. you can expect him to highli
inserted himself into the peace agreement between israel and hamas. >> he negotiated a cease-fire between israel and hamas, the words were not out of president obama's mouth praising him for this, offering to help him with half a billion dollars of aid, convincing the imf to give him almost $5 billion of aid and what did morsi do? e seized all the controls of power. already got the parliament and the presidency, put his guys in the military and taking over. connell: in the old days they used to say hosni mubarak was not the best guy in the world but the u.s. can work with him. what about now? >> that is an important difference to make because he was a dictator, hosni mubarak was that he was our guy, pro-american and kept peace with israel. the new guy is a dictator too but not necessarily our guy. not necessarily pro-american. he is part of the muslim brotherhood which is a movement going through the entire middle east now, hijacking the arabs spring and they are anti-american, anti israeli and islamist. dagen: why not pull our funding from the country? >> what we should do is say to them
montgomery scott. thank you, mark. dennis: on deck we have president obama taking questions on the cliff on twitter this hour. latest on negotiations or lack thereof coming up. tracy: did you tweet your question yet? dennis: not yet. tracy: higher taxes on the wealthy prompted an exodus from france and britain. will americans follow them to other countries? looks how oil is trading as we head out to break. pretty much flat. $89.08 a barrel. we'll be right back. tracy: it is time to make money with charles payne. this hour we're taking a look at a farm cute -- pharmaceutical company in the green. points.own about three >> market is not looking good. this is called medicis company. it is not relativelily well-known. beat the street, 27%, 47%. they had a miss. stock pulled back. they have three strong products. what i'm intrigued by is the proddct pipeline. they have anti-platelet agents that was reviewed by the university of munich. tremendous review. patients on the verge of having cardiac surgery got to get all that plavix out or counteract that. if this gets approved, three products in
the president's plan. i've done enough negotiations in business to understand who is negotiating in good faith wlorks is moving the goal posts. i think it's time right now for president obama to show the american people his full balanced plan. we haven't seen it. democrats haven't passed a budget in over three years. there's not one democrat that has voted for a plan yet. until republicans see the plan from the president, from democrats, it's very difficult for us to be compromising if anything. right now we're just negotiating with ourselves. that's really a pretty bad negotiating strategy. we should stop doing that, we should be talking about not playing brinkmanship. what we should do is extend all the current rates permanently. that would return certainty to the economy. it would restore confidence. and that's probably the biggest thing we need to do to grow our economy. let's quit having these fiscal cliffs. and let's not be threatening government shut downs. let's sit down in a good faith effort and that's what president obama is not doing. he's back on the campaign trail which will is u
here. >> reporter: he sure does, george. and later today, president obama will speak to corporate executives at the business roundtable. and he'll try to enlist their help in his negotiations with congressional republicans. and his latest demand, that congress remove its own power as it stands right now, to raise the debt ceiling. it is a bold gambit that congressional republicans are already calling a non-starter. paul ryan stepped back into the spotlight late tuesday, with a feisty shot at the president. >> i congratulate him on his victory. but on january 20th, he'll face a stagnant economy and a fiscal mess. you might even say he'll inherit these problems. >> reporter: there's a lot of bah humbug in washington, d.c. these days. 'tis the season to be surly. the president told bloomberg television that without tax rates going up on the wealthiest americans, there will be no deal to avert going over the fiscal cliff. >> we're going to have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. >> reporter: house republicans are adamant, no
over the fiscal cliff full tilt, either way, you will have a recession and president obama's second term starts on a very negative note for the american economy. >> you put your finger on the problem. the point of having these fiscal cliff negotiations is to avoid what could lead to a recession, to avoid a calamity. the proposal your putting forward leaves you with an even worse position than you are now, what is the purpose of this? stuart: stay there for a second. i want to get the company's opinion on the raising of the debt ceiling. it is and abolition of the debt ceiling so the president and borrow whatever he wants without congressional authority. >> extraordinary power grab like we haven't seen in a long time. washington d.c. has been in bubble bland. we are in a government bubble. washington d.c. is disconnected from the reality of real-estate going up but the issue is washington d.c. things we are on the dot dog, or housing bubble from the bubbles stretching back to the 90s. we are no longer there. stuart: i am frightened by no debt ceiling and a person has the authority, w
and president obama speaking on the phone last night about the fiscal cliff. there still seems to be a freeze in the negotiation. >> there's nothing going on privately that's not going on the publicly. >> they've got to come with some specific revenue. they have refused to do that. >> we need that consensual break through. >> although the president seems obsessed on raising taxes for you. >> that is a bad strategy for america, it's a bad strategy for your businesses and it is not a game that i will play. >> is the administration prepared too go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the wealthiest 2%. remember it's only 2%. >> with just 25 days to go, the political satandoff could cost the u.s. millions of jobs. professor, good to have you back, good morning. >> good to be here, thanks. >> good read in the journal yesterday from you and if anybody needed to worry about this more, you invoke carter, you're talking about 1980. kind of scenarios if in fact we go over the cliff? >> yes, i can't stop thinking about
with president obama if they were to give taxpayers an early christmas present, vote to stepped the bush tax cuts all but the highest income earners and negotiate later about the highest -- about the very top bracket. that sounds like a way out of this corner the republicans have painted themselves into. >> it's an interesting tactic or strategy. the challenge is >> you're not against >> two things. by announcing -- we are trying to decide how to cut spending and we have a spending problem not a failure to raise taxes problem. and i think we should be focused on spending and when you have chambliss, four or five congressmen have said, we could raise taxes here and there. to be fair to them, someone like south carolina lindsay graham said i would raise taxes a little if i could get a guarantee of entitlement reform, a series of things democrats will never give them. when the "new york times" or cbs reports that conversation or talk by lindsay graham, they said if he said i would be willing to raise taxes, the rest of the conversation disappears. so the challenge for cole -- obviously this was leak
of palestine and practically ends the peace process and any opportunity to talk about negotiations in the future. let's bring in fred plankin who joins us from east jerusalem. this has been a red line for years. you talked about presidents from obama to george w. bush, bill clinton, all objecting to settlement on that spot and getting his assurances from israel that it wouldn't be built on, so why now? tough talking? election coming up? what happened in the u.n.? what's the feeling there? >> well, certainly the israelis have made no secret of the fact that this is a direct punitive measure for what happened at the u.n. last thursday where, of course, the palestinians managed get an upgraded status there in the u.n. general assembly going to nonmember observer state. of course, the word state there is the operative one for the palestinians. the palestinians now say they do, in fact, have a state which is a taertory that is defined as the west bank, gaza, and east jerusalem. so, therefore, the palestinians are saying that this obviously would make the implementation of this state all
somewhere from our republican colleagues to show that they are serious on negotiations. >> three weeks ago the american people went to the polling places and they sent a message. democrats from president obama to our senate candidates on down built their campaigns around the idea that budgets have to work for our middle class and that the wealthy need to pay their fair share. republicans were clear too their to protect the wealthny and it was rejected. the american people voted for the candidates who committed to fighting for the middle class and in exit polls they agree that the wealthy have to participate and pay their fair share. here we are at the end of the year and it's encouraging to hear some of the republicans soften on taxes on the rich. before the election republicans proudly fought to protect the rich from paying a penny more in taxes. grover nor quist ruled the day. but that election is over and we are hearing republicans renounce that once sacred pledge. we are hearing them talk about putting revenue on the table and about compromise which and we heard from one conservative r
Search Results 0 to 29 of about 30 (some duplicates have been removed)